Numbers, Profit Jump At iiNet

The number of broadband customers iiNet is bringing to TPG was put at 989,000; they will add to TPG’s subscribers to give it a total of around 1.7 million, overtaking Optus as the No 2 broadband operator.

The increase in revenue was attributed to continued organic growth in residential and business broadband customers; continued expansion of the services and products; and increased mobile hardware sales following launch of the latest iPhones in November 2014, as well as acquisition of a 60 percent interest in Tech2 Group.